Establishes Rural Broadband Infrastructure Grant Program in EDA; appropriates $2.5 million in federal funds.

This bill creates a $2.5 million Rural Broadband Infrastructure Grant Program using federal funds from the Infrastructure Investment and Jobs Act. It provides grants to organizations like internet providers, non-profits, and local governments to build or improve broadband infrastructure in rural New Jersey areas lacking adequate service (defined as 25 Mbps download/3 Mbps upload). Grants are capped at $75,000 per project, require a 25% private matching contribution, and prioritize projects targeting unserved areas. The New Jersey Economic Development Authority (NJEDA) will administer the program and report annually on grant distribution and outcomes.